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Iowa State Extension beef specialist Dan Loy says COVID-19 has cut ethanol plant output by as much as 50 percent. Lower gasoline and ethanol use has reduced the supply of distillers' grains that cattle and hog producers relied on as feed.
Producers are now having to relearn how to use corn in rations.
Less DDGS availability forces feeders to replace it with corn and other ingredients, lifting DDGS prices while softening corn demand from ethanol. The tighter co-product supply is a cost concern for livestock feeders.
历史可比事件尚不足,暂无法给出历史解读。
在过去 301 次看跌的宏观事件之后,玉米 在 5 个交易日内中位数变动 -0.1%(47% 上涨;中间一半区间为 -2.2% 至 +1.3%),20 个交易日内为 +0.2%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。